LCIA Awards Mobile Service Provider $1.17B In Shareholders Dispute

(June 27, 2016, 11:14 AM EDT) -- LONDON — A Japanese mobile service provider on June 24 announced that a London tribunal has ordered an Indian telecommunications company to pay it $1.17 billion for breach of a shareholders agreement.

NTT DOCOMO Inc. said in a news release that the London Court of International Arbitration (LCIA) has issued a binding arbitration award in relation to its stake in Tata Teleservices Limited (TTSL). TTSL is a telecommunication service provider in India.

Arbitration

DOCOMO said that it, TTSL and Tata Sons Limited entered into a shareholders...
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